Mike Wheatley
Latest from Mike Wheatley
Scarf Systems aims to give developers more control of their open-source software
Exiting stealth mode today, Scarf Systems Inc. says it’s on a mission to help open-source software developers make better, data-informed decisions and ensure they receive more compensation for their efforts too. The company says it’s backed by a seed funding round of an undisclosed amount led by Wave Capital, 468 Capital, Scott Belsky and Kevin Hartz. ...
Intel ordered to pay $2.18 billion for patent infringement
Computer chipmaker Intel Corp. suffered a major blow today after losing a high-profile patent infringement trial and being ordered to pay $2.18 billion in compensation. Intel had denied infringing on two patents owned by VLSI Technology LLC, saying that one of them was invalid because it covers work that was also performed by its own ...
Box posts solid earnings beat as it executes on its cloud vision
Cloud storage and content management firm Box Inc. delivered strong fourth-quarter financial results today, beating expectations on earnings and revenue and posting guidance that came in above estimates. The company reported a profit before certain costs such as stock compensation of 22 cents per share on revenue of $198.9 million, up 8% from a year ago. ...
With Power Platform updates, Microsoft doubles down on low-code app development
The low-code software development market is emerging as one of the hottest markets in enterprise technology, and Microsoft Corp. is gunning for a slice of that pie as it rolls out another slew of updates to Power Platform. Microsoft’s Power Platform is a suite of three products, namely Power BI, PowerApps and Power Automate. They ...
Microsoft debuts its edge AI service Azure Percept at Ignite
Microsoft Corp. is stepping up its artificial intelligence capabilities within its Azure Cloud platform with the launch of a new service called Azure Percept that’s designed to enable a wealth of new AI capabilities for devices at the network edge. Announced today at the virtual Microsoft Ignite event, Azure Percept is designed to enable futuristic ...
At Ignite 2021, Microsoft adds new presentation modes and more to Teams
Microsoft Corp. is expanding its focus on the all-important enterprise collaboration market with a slew of updates and integrations for its Microsoft Teams platform. The most visible new updates announced today at Microsoft’s virtual Ignite 2021 event are the new “dynamic experiences” within Teams that enable presenters to deliver content more professionally to keep participants ...
Microsoft advances zero trust with a focus on identity, security, compliance and skills
Microsoft Corp. is betting on the zero-trust approach to computer security that was first advanced by its rival Google LLC, with a whole swath of updates announced at Ignite 2021 today aimed at extending the protection it offers to data, devices, identities, platforms and clouds. Zero trust is a security concept that centers on shifting access ...
Zoom says it won’t stop growing yet as it crushes earnings expectations
Zoom Video Communications Inc. provided few surprises today as the videoconferencing phenom posted another strong quarter, beating analysts’ forecasts on earnings and revenue and capping off an unprecedented year of growth propelled by the coronavirus pandemic. The company reported a fourth-quarter profit before certain costs such as stock compensation of $1.22 per share on revenue of $882.5 ...
Despite beating earnings expectations, Workday sees its stock fall again
Workday Inc. saw its stock fall sharply in after-hours trading today despite posting strong fiscal fourth-quarter results that included quarterly revenue from subscriptions passing $1 billion. The company reported a profit before certain costs such as stock compensation of 73 cents per share on revenue of $1.13 billion, up 15.9% from one year ago. That was better ...
Salesforce beats forecast on 20% revenue growth, but lower guidance hits its stock
Salesforce.com Inc. reported strong fourth-quarter financial results today, beating expectations as its business continued to benefit from the COVID-19-driven rise in remote work. However, Salesforce’s stock plunged in after-hours trading as executives warned that its planned $27.7 billion acquisition of Slack Technologies Inc. would hurt its bottom line in fiscal 2022. The company, which sells ...